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1999 SESSION

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HB 2744 Subordinate mortgage loans; principal amount of loans.

Introduced by: Frank W. Wagner | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Banking and finance; subordinate mortgage loans; principal amount of loans. Declares that for purposes of determining the loan fee a lender may charge a borrower in conjunction with a subordinate mortgage loan (a loan fee that may not exceed five percent of the principal amount of the loan), the term “principal amount of the loan” is defined to mean the amount on which interest may be charged.

FULL TEXT

• 01/21/99  House: Presented & ordered printed 994725482  pdf

HISTORY

• 01/21/99  House: Presented & ordered printed 994725482
• 01/21/99  House: Referred to Committee on Corporations, Insurance and Banking
• 01/28/99  House: Stricken from docket by C.I.B. (25-Y 0-N)